Coyle Financial Counsel LLC Has $2.15 Million Holdings in LKQ Co. (NASDAQ:LKQ)

Coyle Financial Counsel LLC lessened its position in shares of LKQ Co. (NASDAQ:LKQ) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 58,597 shares of the auto parts company’s stock after selling 3,721 shares during the quarter. LKQ makes up approximately 0.7% of Coyle Financial Counsel LLC’s investment portfolio, making the stock its 23rd largest holding. Coyle Financial Counsel LLC’s holdings in LKQ were worth $2,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LKQ. Erste Asset Management GmbH acquired a new stake in shares of LKQ during the 3rd quarter worth approximately $45,733,000. Seizert Capital Partners LLC grew its position in shares of LKQ by 451.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock worth $53,000,000 after buying an additional 1,086,758 shares during the period. Nordea Investment Management AB grew its position in shares of LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after buying an additional 833,519 shares during the period. Private Management Group Inc. acquired a new stake in shares of LKQ during the 3rd quarter worth approximately $19,889,000. Finally, KBC Group NV grew its position in shares of LKQ by 68.5% during the 4th quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company’s stock worth $44,492,000 after buying an additional 492,356 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

LKQ has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Thursday, February 20th. Finally, StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.60.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the sale, the director now directly owns 369,462 shares in the company, valued at $13,352,356.68. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 20,000 shares of company stock worth $781,500. Corporate insiders own 0.55% of the company’s stock.

LKQ Price Performance

Shares of LKQ opened at $41.25 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The business’s fifty day moving average is $37.71 and its 200 day moving average is $38.77. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $53.68. The stock has a market cap of $10.72 billion, a P/E ratio of 15.74 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.42 billion. Sell-side analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.91%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.